Airbnb Co-Founder Speaks On Blockchain Technology

In an interview with City A.M. Airbnb co-founder and Chief Technology Officer, Nathan Blecharczyk spoke about M-pesa and blockchain technology. Blecharczyk thinks it’s an exciting time to reflect on the current types of technology saying, “the company could plug into its existing infrastructure to heighten efficiency and safety.”

Airbnb to Adopt the Blockchain in the Future?

Airbnb is a popular website where people can search, list and rent a temporary residence. The platform has over 1.5 million listings spread across 190 countries. The privately owned business was founded in 2008 and is currently valued at over $24 billion USD. In his recent interview, Blecharczyk was asked about the 40,000 properties listed in Africa and possible partnerships with firms like Mpesa. The co-founder details, “It’s too early to say what will be on our roadmap, but eventually, we may.”

Nathan Blecharczyk

Airbnb is very familiar with blockchain technology and decentralized currencies, and seems eager to learn more about these concepts. In 2014, the San Francisco-based website announced on their blog that they would have guest speaker Adrian Macneil speak about decentralized payments. The blog post said the Director of Engineering at Coinbase talked about “the blockchain and look at how transactions are generated and broadcast in a completely trustless peer-to-peer network. He will discuss what role miners play in this network and whether the blockchain network could exist independent of the Bitcoin currency.”

When City A.M. interviewer Harriet Green changed the subject to blockchain technology, the Airbnb co-founder was asked about trust within networks. Within the Airbnb network, reputation is a critical part of the system Blecharczyk explains. The CTO states:

“The question is whether there’s a way to export that and allow access elsewhere to help other sharing economy models really flourish. We’re looking for all different kinds of signals to tell us whether someone is reputable, and I could certainly see some of these more novel types of signals being plugged into our engine.”

The lodging business has hinted at digital currency use within its engine in the past. In 2014 CEO Brian Chesky asked his 110,000 Twitter followers if the company should accept Bitcoin. Many people got excited about this tweet and replied to the co-founder. Venture capitalist Marc Andreesen said, “Yes and then some.” Technological visionary Andreas Antonopoulos wrote, “YES It would reduce fees, streamline payments, reduce risk and be easy to implement without exchange rate/volatility risk.”

Many people would love for companies like Airbnb and Uber to adopt a decentralized payments plan. In the future, it’s possible these businesses will implement a digital currency solution or use blockchain technology in the backdrop. Until then, the cryptocurrency community can only hope but hints like these further cement the vision.

What do you think about Airbnb co-founder Nathan Blecharczyk’s statements? Let us know in the comments below!

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written hundreds of articles about the disruptive protocols emerging today.

Sign up for the Bitcoin . com Newsletter

Bitcoin News delivered to you!

When?

In Case You Missed It

A new poll of IT managers at large UK businesses found that exactly half keep stockpiles of cryptocurrency for various reasons. Unlike what some might imagine, only a very small fraction of the companies that are holding bitcoin claim to be doing so as preparation for a ransomware attack… read more.

The DAO (decentralized autonomous organization) was the first major project to be launched on the Ethereum blockchain, complete with a novel governance structure that replaced a board of directors with a community-run model. It didn’t end well… read more.

If you’re new to Bitcoin, welcome. We’re a community of people from every part of the world, from as many walks of life as you can imagine, exploring the future of money. Let’s skip the philosophy and technical jargon, and just get you started using it… read more.

Available for Android and iOS: Try out the new Bitcoin .com Mobile Wallet

Download the Bitcoin.com Wallet right to your device for easy and secure access to your bitcoins. Perfect for beginners, the Bitcoin.com Wallet makes using and holding bitcoins easy. No logins required.